Have a friend shopping for a 25 Outlaw and isn't happy with the rates he's getting quoted from his local banks. Any alternatives out there he can check with?

Call Manny(954)593-5000

You've probably heard it before but local credit unions are the best. When I bought a few years the credit union would finance $35K with nothing down and the branch manager could "OK" it....anything over that had to go a step higher and required some money down. I think the rate at that point was 8%.

Yeah, pretty much what I told him. Either find a credit union he can join or spend all day calling local banks to see who will give him a decent rate.

I would think 6-7% is what he should get assuming he has good credit. Which you never know with friends, they might look good on the outside but have horrible credit. Depends on how old of boat and cost. Older boats they usually will only finance 80-90% and rates are higher. Dont know if hes a vet or has access to it, but try USAA. com

I would agree local credit unions are sometimes the best not always. The best rates I have been getting lately have been out of state big business banks over the internet. Like you said he just has to do the research himself. When it boils down to it if your borrowing 40k on a boat im assuming thats what this boat would cost if its new, half percent or even a percent doesnt cost or save you that much

Dollar Bank 6.25% Boat has to book out well. age size ect does not matter.

Key Bank is back into performance boat financing, quick and easy app online.

As long as the boat books out, and your score is over 700 it is quick and easy

But I must add if you think you cant afford it and thats your intial gut feeling than you probably cant. Thats what you hear alot from people who say they cant find good rates and such. Sometimes it better not to buy or to buy older or smaller

credit union. I got 2.99%

Which credit union Rafe? One open for anyone to join?